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Mar 18, 2013
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this is president obama from earlier in the week talking about the budget and the fact that we basically need to raise more revenue. then we will hear from senator john tune. let's go with tape number one. >> i voted for the first three nominees by the president. partisanship.out i have allowed the president to take his political appointees, but i will not sit quietly and let him shred the constitution. i cannot sit at my desk quietly and let the president say that he will kill americans on american soil who are not actively attacking a country. the country needs more senators who care about liberty. but if mr. paulus to be taken seriously, he needs to do more than -- but if mr. paul wants to be taken serious a, he needs to do more than -- he needs to know more about what he is talking about. >> ok, that was not president obama. we talked earlier this week about this gigolo story. senator mccain did not have quite the respect for senator paul's filibuster as many others did. what is your take on what happened last week? >> i think senator paul is one of the most fascinating figures in th
this is president obama from earlier in the week talking about the budget and the fact that we basically need to raise more revenue. then we will hear from senator john tune. let's go with tape number one. >> i voted for the first three nominees by the president. partisanship.out i have allowed the president to take his political appointees, but i will not sit quietly and let him shred the constitution. i cannot sit at my desk quietly and let the president say that he will kill americans...
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Mar 18, 2013
03/13
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barack obama hasn't released one yet but, i don't know what the schedule will look like on the budget going forward it is still, it is controlled chaos right now. bill: what i see on the calendar is maybe late summer, if you want to get a deal together. i think that is what he was refering to on sunday. but you also have paul ryan saying that the debt is not an immediate crisis. and that was pretty much a headline that came out of one of his interviews. i will talk about john boehner in a moment here. how did you remark on the way ryan categorized that? >> look, i think he is basically right. technically we're not in a debt crisis. we don't have world markets plummeting. cats are not sleeping with dogs. it is not armageddon which is what a real debt crisis looks like. cypress is in a debt crisis but as paul ryan likes to say, the debt crisis that is coming and it is coming is the most predictable crisis in american history. the way i think about it, like being diagnosed with a time more. the doctor says, it is stage 1, it is not a crisis but you have to change the way you're living ri
barack obama hasn't released one yet but, i don't know what the schedule will look like on the budget going forward it is still, it is controlled chaos right now. bill: what i see on the calendar is maybe late summer, if you want to get a deal together. i think that is what he was refering to on sunday. but you also have paul ryan saying that the debt is not an immediate crisis. and that was pretty much a headline that came out of one of his interviews. i will talk about john boehner in a...
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Mar 18, 2013
03/13
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and president obama refuses to submit his budget on time to the american people. with our national debt now exceeding $16 trillion and our country is on an unsustainable path. mrs. wagner: that's why house republicans released a plan that balances our budget in 10 years with smart reforms and cuts. this budget will cut wasteful spending, reform our broken tax code, protect and strengthen our national security, and repair our social safety net to make sure that they are strong and sustainable for future generations. in stark contrast senate democrats introduced a budget that raises taxes by an additional $1 trillion, adds $4 trillion to our national debt, and sets a course that never, ever balances the budget. instead of raising taxes and taking more of your hard-earned money, it's time we start fighting for nurses, teachers, carpenters, and shop owners and stop throwing government and giving away taxpayer bailouts that only results in less money in our pocket and mortgaging of our children's future. mr. speaker, i yield back. the speaker pro tempore: the gentlelad
and president obama refuses to submit his budget on time to the american people. with our national debt now exceeding $16 trillion and our country is on an unsustainable path. mrs. wagner: that's why house republicans released a plan that balances our budget in 10 years with smart reforms and cuts. this budget will cut wasteful spending, reform our broken tax code, protect and strengthen our national security, and repair our social safety net to make sure that they are strong and sustainable...
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Mar 18, 2013
03/13
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so, what the republicans won in the big battle in 2011, the budget control act, was obama wanted to keep spending and he needed the debt ceiling to be increased because he was spending so much money. republican said, ok, we will raise the debt ceiling for the country does not default, but only if you agree for a dollar for dollar reduction in spending over the next decade. and so, yet $2.50 trillion of spending restraint -- not real cuts but spending less than obama had hoped. in washington that is called a cut. if you wanted 10 of something and you only got eight of something, you say i got cut two. if you actually walk away with eight. so, that was a $2.50 trillion spending reduction over the next decade. it has not happened yet. we have several problems facing us. the trillion dollars in the obamacare tax increases that hit this decade, that begin to hit now. oddly enough, the president and the democrats in the house and senate decided to put the tax increases, the bulk of them, after the 2012 elections. so, everybody voted and now the tax increases hit. it is not helpful for the econ
so, what the republicans won in the big battle in 2011, the budget control act, was obama wanted to keep spending and he needed the debt ceiling to be increased because he was spending so much money. republican said, ok, we will raise the debt ceiling for the country does not default, but only if you agree for a dollar for dollar reduction in spending over the next decade. and so, yet $2.50 trillion of spending restraint -- not real cuts but spending less than obama had hoped. in washington...
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Mar 18, 2013
03/13
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so what the republicans won in that big battle we had in 2011, the budget control act, was that obama wanted to keep spending, and he needed the debt ceiling to be increased because he'd spent so much money. and the republicans said, okay, we'll raise the debt ceiling is so the country doesn't default, but only if you agree to a dollar-for-dollar reduction in spending over the next decade. and so we got $2.5 trillion in spending restraint. not real cuts, spending less than obama had hoped in. in washington that's called a cut. if you wanted ten of something and you only got eight of something, you go i got cut too. actually, you walked away with eight. but, so that was a $2.5 trillion spending reduction over the next decade. it hasn't happened yet. we're still, we have several problems facing us. the trillion dollars in obamacare tax increases that hit this decade, that begin to hit now. oddly enough, the president and the democrats in the house and senate decided to put the tax increases, the bulk of them after the 2012 election. so everybody voted, and now the tax increases hit. it'
so what the republicans won in that big battle we had in 2011, the budget control act, was that obama wanted to keep spending, and he needed the debt ceiling to be increased because he'd spent so much money. and the republicans said, okay, we'll raise the debt ceiling is so the country doesn't default, but only if you agree to a dollar-for-dollar reduction in spending over the next decade. and so we got $2.5 trillion in spending restraint. not real cuts, spending less than obama had hoped in....
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Mar 18, 2013
03/13
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. >> can we really consider the ryan budget if obama care is not going to be repealed, can we all agree on that? and he is taking the money and not taking the cost? i mean, his premise is wrong. >> well, his premise -- you can keep the revenue and not have the program. there is falls in the numbers but leave that for another day. ryan wants to cut us to two tax rates 25% and 10%. that has been scored now as being incredibly regressive and puts a huge amount of money in the hands of the wealthy. ryan says he will propose tax loophole closings and preforms level that playing field but the math probably doesn't work and he hasn't specified about what they are. >> what about tax reform? something president obama and the republicans in congress all say they want to do. with would that be a place to start? >> everybody wants corporate tax reform. our system is broken. it creates the wrong incentives and leads to more jobs yaever s overseas. it has to come as part of a bigger package it to get the numbers to work and the bigger package of tax reform, i think, is somewhat dubious because everyb
. >> can we really consider the ryan budget if obama care is not going to be repealed, can we all agree on that? and he is taking the money and not taking the cost? i mean, his premise is wrong. >> well, his premise -- you can keep the revenue and not have the program. there is falls in the numbers but leave that for another day. ryan wants to cut us to two tax rates 25% and 10%. that has been scored now as being incredibly regressive and puts a huge amount of money in the hands of...
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Mar 18, 2013
03/13
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. >> i've said 2.3% is the new magic number. 2.3% was the amount of the budget of they is quester and it was the amount of the payroll tax reset and it was the amount of tax put on medicare devices under obama care. everybody is now saying 2.3% will destroy it. the sequester, payroll tax hike and the new tax on the medical device makers and all of those are effectively 2.3%. >> do you think it's a fibonacci thi thing? >> it's a 15th century mathematician. that's how i spend my time. >> i think it's worth it. >> this is going to be the fed week. i hear 2.3%, and does that make you feel good or bad about the growth of the country? in other words, are we -- are we getting hotter like frank blake says or can the fed say, look, you know? it's not getting hot. >> you were talking in the break about goldman sachs and deutsche bank raising the target to 1625. deutsche bank raised its gdp target to 2.3%. 2.3% in 2013. >> 2.3% and three is not the magic number. >> 2.3% and when you were going through that i was -- that was -- yeah. blew my mind. >> she has steam coming out of her ear. >> i thin
. >> i've said 2.3% is the new magic number. 2.3% was the amount of the budget of they is quester and it was the amount of the payroll tax reset and it was the amount of tax put on medicare devices under obama care. everybody is now saying 2.3% will destroy it. the sequester, payroll tax hike and the new tax on the medical device makers and all of those are effectively 2.3%. >> do you think it's a fibonacci thi thing? >> it's a 15th century mathematician. that's how i spend my...